Categorize each of the following funding schemes as examples of the benefits principle or the ability-to-pay principle.

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Categorize each of the following funding schemes as examples of the benefits principle or the ability-to-pay principle.
a. Visitors to many national parks pay an entrance fee.
b. Local property taxes support elementary and secondary schools.
c. An airport trust fund collects a tax on each plane ticket sold and uses the money to improve airports and the air traffic control system.

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Principles of economics

ISBN: 978-0538453042

6th Edition

Authors: N. Gregory Mankiw

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